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Finance & Accounting
Pages 11 (2761 words)
Keyu Chang 16078990 1.0 The American Dream: Is it alive or dead? 1.1 Introduction It is believed that America is the only country with great opportunities where any person can be successful through working hard. This is one believe that has given less privileged individuals lots of hope in the country.
Most people who were rendered jobless during recession had education levels of high schools and below. In fact, Georgetown University’s Center on Education (GUCE) had recently claimed that the employment trends for people with no college education were literally flat at the start of the recovery phase. This means that individuals who become jobless during the Great Recession were not in a position to get new jobs. The nature of job loss in the United States during recession was so uneven that it worsened the income inequality trends. In addition, it expanded the gap between wealthy class and the rest of the American population. In a recent statement by the Organization for Economic Cooperation and Development (OCED), they claimed that the income inequality structure in the United States was a threat to their long term socio-economic strength and development (David, 2012). OCED further argued that the education system in the country was not effective in assisting children to realize their full potential. This was so because the government’s expenditure directed to less fortunate students was quite minimal. ...
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